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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Militia Man [CBI governor Alaq talking about Iraqi dinar becoming a major currency] Statement: The Central Bank is trying to reevaluate all monetary policies and to control the dollar in the parallel market expanding the circle of direct dealings in international currencies. That was back in February...they were including...yuan...euro... yen...and dollar...Why is that important? [Post 1 of 2] GameofPatience the budget is waiting on the rate. Kuwait changed their rate on 3/24/91, this year that would be the weekend of 3-25/26. Iraq and Kuwait have the same budget periods April - March. BobTheTaxMan We as private holders of this currency were considered speculators anticipating gains from this revaluation ...This is not tradable on the Forex. It's not even usable here in the United States...for us [In the United States] we're just holders. That's part of the reason why it's being treated as an ordinary income instead of a long-term capital gains. [NOTE - Consult your financial and tax professionals at the appropriate time to determine the right taxes for your unique situation and circumstances.]
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That's right, I'm in the living room of my own home, and it is comfortable and it is inviting; the one thing that it is not however, is the place where anyone can give to me the intel of what is going on with the Dinar from the standpoint of an "insider" who knows the real deal! I have seen and heard the "gurus'" takes on this, and it is laughable to me, that they have the audacity to attempt to make everyone believe that they are actually knowledgeable beyond the levels of anyone else who is waiting for this to revaluate! I make jokes about them to a degree, but I am serious about their misleading of individuals who are not accustomed to this sort of experience, and how much damage it may cause to them if this does not pay them back on the investments which is many cases is far too much for them to absorb without a substantial payoff. So "TNT Slimy" and "Okie Oil-Slick"...stay cool, we may see a miraculous dividend, or we may only get back short pennies or even lose on the whole deal, but in any case: neither of you is as connected as you make it seem, and I'm sure I am not the only person who is tired of your nonsense! Good luck, everyone!
